Politics

Lubbock Fiscal Year 2027 Budget Sets New Property Tax Rate and Shifts Service Allocations

Lubbock residents will pay adjusted property taxes starting in 2027 while city departments receive different funding levels for roads, safety and recreation.

By Lubbock Policy Desk · Published July 8, 2026

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This article was written by AI from the linked sources and was not reviewed by a journalist before publishing. The Daily Lubbock is part of The Daily Network and follows our reasonable editorial care.

Lubbock Fiscal Year 2027 Budget Sets New Property Tax Rate and Shifts Service Allocations — Photo by NASA Goddard Photo and Video / nasa (by)

The Lubbock City Council passed the fiscal year 2027 operating budget on July 7, 2026. The document lowers the property tax rate to 0.5675 dollars per 100 dollars of assessed value. Homeowners and commercial property owners receive the direct change in their annual bills.

Revenue estimates from the Texas Comptroller guided the council decisions. Those estimates showed slower sales tax growth in the South Plains region compared with the prior two years. The budget therefore balances lower rates with reallocated spending across departments.

Effects on Lubbock Households and Businesses

Owners of a median-valued home assessed at 185000 dollars will pay 48 dollars less under the new rate. The city budget document projects total property tax relief of 2.9 million dollars across all parcels. Renters may see indirect effects if landlords pass savings forward or hold rents steady.

Police overtime funding rises by 1.4 million dollars. Road resurfacing projects in the North and East Lubbock corridors receive an additional 900000 dollars. Parks and recreation programs lose 650000 dollars, which shortens pool operating hours at two city facilities after Labor Day.

Small retail businesses along University Avenue gain from the lower commercial rate. The budget paper lists an expected 320000 dollars in reduced payments for properties in that corridor. Larger industrial sites near the airport see similar per-dollar savings on their larger valuations.

Implementation Timeline

Tax statements will reach property owners by October 15, 2026. Payments under the revised rate begin with the January 2027 billing cycle. City finance staff will present a mid-year collection report to the council in March 2027.

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